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INDEMNIFICATION AGREEMENT
(EMPLOYEES' PENSION PLAN)
AGREEMENT , made this February 1, 2003,
by and between Michael Wellesley-Wesley (hereinafter referred to as
"Trustee"), and Chyron Corporation, a New York corporation with its
principal offices at 5 Hub Drive, Melville, New York 11747.
WHEREAS , the Trustee has agreed to
provide his service to the Chyron Corp. Employee's Pension Plan,
(the "Plan") provided that Chyron Corporation (the "Company")
agrees to indemnify and hold it harmless for certain actions or
inactions as Trustee; and
WHEREAS , the Company has agreed to
indemnify and hold harmless the Trustee for certain actions or
inactions as Trustee.
NOW, THEREFORE , the parties agree as
follows:
1. To the maximum extent permitted by the
Employee Retirement Income Security Act of 1974 and by other
applicable Federal or state law, the Trustee shall not be liable
for (either jointly or severally), and the Company shall indemnify
the Trustee against, and agree to hold the Trustee harmless from,
any and all liabilities
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